What did Monadelphous report?

• New contracts and extensions valued at around $145 million in total
• Secured a Rio Tinto construction project at Paraburdoo iron ore mine in WA
• Two-year extension to Olympic Dam maintenance contract with BHP in SA
• Two-year extension and expanded scope at Queensland Alumina Limited in QLD
• New construction contract with Harmony Gold at Hidden Valley Gold Mine, PNG

What else do investors need to know?

Monadelphous' work for Rio Tinto at Paraburdoo involves installing a new dust collector and ventilation system for coarse ore stockpile tunnels, with completion expected in early 2027. The company's relationship with BHP has also been extended, covering mechanical and electrical maintenance, planned shutdowns, and project services at Olympic Dam.

At Queensland Alumina in Gladstone, Monadelphous has secured both a contract extension and expanded responsibilities, now including demolition and power generation activities. The company's expertise in the sector is reinforced by more than 30 years of service at this site.

What's next for Monadelphous?

Looking ahead, Monadelphous plans to deliver on these newly awarded and extended contracts while continuing to grow its presence in resources, energy, and infrastructure markets. The company remains focused on leveraging its long-standing client relationships and diversified capabilities to pursue further opportunities, both domestically and internationally.

Monadelphous share price snapshot

Over the past 12 months, Monadelphous shares have risen 100%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 16% over the same period.

View Original Announcement

The post Monadelphous wins $145m of new and renewed resources sector contracts appeared first on The Motley Fool Australia.

In order to receive a dividend, you must own the ASX share before its ex-dividend date.

Here is a sample of the large number of ASX All Ords shares with ex-dividend dates next week.

ASX All Ords shares about to go ex-dividend

Which companies will we hear from today?

The big one today is the half-yearly report from supermarket network Coles Group Ltd (ASX: COL).

Woolworths shares ripped this week after the ASX All Ords consumer staples giant reported a 16% profit lift to $859 million for 1H FY26.

We'll also hear from TPG Telecom Ltd (ASX: TPG), Michael Hill International Ltd (ASX: MHJ), and Pexa Group Ltd (ASX: PXA).

The latest report from The Star Entertainment Group Ltd (ASX: SGR) will also be interesting, as investors seek further news on the turnaround plan for the beleaguered casino operator.

Yesterday, Star Entertainment shares bounced on news of a debt refinancing deal, including extra liquidity to fund the turnaround plan.

The post 35 ASX All Ords shares with ex-dividend dates next week appeared first on The Motley Fool Australia.

Three ASX shares that brokers have named as buys this week are listed below. Here's why their analysts are feeling bullish on them right now:

Codan Ltd (ASX: CDA)

According to a note out of Ord Minnett, its analysts have upgraded this metal detector company's shares to a buy rating with a $40.00 price target. The broker was pleased with Codan's half-year results, noting that it delivered a strong performance. And while the Minelab business was the star of the show, it was pleased with the communications business and highlights its unmanned drone systems as a potential growth driver in the coming years. This is especially the case given how much EU countries are investing in drone warfare. The Codan share price is trading at $34.50 on Wednesday afternoon.

Monadelphous Group Ltd (ASX: MND)

A note out of Bell Potter reveals that its analysts have retained their buy rating on this diversified services company's shares with an improved price target of $37.00. The broker was impressed with Monadelphous' performance during the first half of FY 2026. It highlights that the company delivered a half-year profit ahead of expectations thanks to a stronger than forecast EBITDA margin. The good news is that Bell Potter believes that Monadelphous can sustain its current strong operating momentum in the short-term given its contracted position and further work package awards that are likely to land in the second half. In addition, it points out that the company's increasing liquidity gives it optionality to lean aggressively on M&A or return excess capital to shareholders. The Monadelphous share price is fetching $30.72 at the time of writing.

Woodside Energy Group Ltd (ASX: WDS)

Analysts at Morgans have retained their buy rating on this energy giant's shares with an improved price target of $30.50. According to the note, the broker felt that Woodside's FY 2025 result was strong, with profit and dividends ahead of expectations. Morgans sees further upside potential ahead from a recovering oil price and the successful execution of new projects. The broker also believes there's potential for a production guidance upgrade in FY 2026 if everything runs smoothly. The Woodside share price is trading at $28.14 on Wednesday.

The post Top brokers name 3 ASX shares to buy today appeared first on The Motley Fool Australia.

Investors have been bidding the diversified services company's shares higher after it released a strong half-year result.

For the six months ended 31 December, the ASX 200 stock reported a 52.6% increase in net profit after tax to $64.9 million.

The good news is that the company's managing director, Zoran Bebic, believes this positive form can continue. He said:

Long-term demand in the resources and energy sectors is expected to continue, supported by an improved global economic growth outlook. Continued investment in new and existing operations in Western Australia's iron ore sector is driving demand for both maintenance and construction services, with the energy sector to offer substantial prospects.

The even better news is that Bell Potter doesn't believe it is too late to invest in this ASX 200 stock.

What is the broker saying?

Bell Potter has been impressed with Monadelphous' performance in FY 2026 and notes that it is going "from good to great." It highlights that the ASX 200 stock delivered a first-half result ahead of expectations. It said:

Group revenue (including JV sales) was $1,530m (BPe $1,502m), up 46% YoY, and in line with guidance. Engineering Construction division revenue was $678m (BPe $671m), up 67% YoY, reflecting significant growth in work delivered from contracts awarded over the past 18 months, greater activity at Zenviron and an expansion of end-to-end capabilities. Maintenance and Industrial Services revenue of $852m (BPe $835m) was a record and up 32% YoY, with growth driven by increased turnaround activity and brownfield energy work delivery, and sustained elevated demand from iron ore clients.

EBITDA margin of 7.6% was ahead of our 7.3% and consistent with the PcP. The stronger than expected EBITDA margin drove a 5% beat to our EBITDA forecast. NPAT of $64.9m (BPe $60.8m), was up 53% YoY. An interim fully franked dividend of 49cps was declared (BPe 46cps).

Should you invest?

In response to the results, Bell Potter has retained its buy rating on its shares with an improved price target of $37.00 (from $33.00).

Based on its current share price of $30.55, this implies potential upside of 21% for investors over the next 12 months. In addition, the broker is forecasting a 3.2% dividend yield over the period.

Bell Potter believes that the ASX 200 stock is positioned to sustain its strong operating momentum. It said:

Our Target Price lifts to $37.00/sh (previously $33.00/sh) given the more optimistic earnings growth outlook. We retain the Buy recommendation. We expect MND can sustain current strong operating momentum across the Group in the short-term given its contracted position and further work package awards likely to land in 2H FY26. MND's increasing liquidity gives the company optionality to lean aggressively on M&A or return excess capital to shareholders.

The post Buy recommendation: Broker says this ASX 200 stock goes from 'good to great' appeared first on The Motley Fool Australia.

Will the market be able to bounce back from this on Wednesday? Here are five things to watch:

ASX 200 to rebound

The Australian share market looks set to rebound on Wednesday after a stronger night on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 60 points or 0.65% higher this morning. In late trade in the United States, the Dow Jones is up 0.85%, the S&P 500 is up 0.75% and the Nasdaq is 1% higher.

Oil prices fall

ASX 200 energy shares Beach Energy Ltd (ASX: BPT) and Santos Ltd (ASX: STO) could have a poor session on Wednesday after oil prices fell overnight. According to Bloomberg, the WTI crude oil price is down 0.6% to US$65.89 a barrel and the Brent crude oil price is down 0.6% to US$71.06 a barrel. Traders were selling oil after US-Iran talks continued.

WiseTech shares on watch

WiseTech Global Ltd (ASX: WTC) shares will be on watch on Wednesday when the logistics solutions technology company releases its eagerly anticipated half-year results. According to a note out of Morgans, its analysts are expecting revenue of $660.6 million and EBITDA of $248 million. This will be a 73.4% and 28.9% increase over the prior corresponding period. Underlying NPATA is expected to be down 10.7% to $100.1 million.

Gold price falls

ASX 200 gold shares Newmont Corporation (ASX: NEM) and Northern Star Resources Ltd (ASX: NST) could have a tough session on Wednesday after the gold price fell overnight. According to CNBC, the gold futures price is down 0.8% to US$5,184 an ounce. This was driven by a stronger US dollar.

Buy Monadelphous shares

Monadelphous Group Ltd (ASX: MND) shares could be in the buy zone according to Bell Potter. In response to its half-year results, the broker has retained its buy rating with an improved price target of $37.00. It said: "We retain the Buy recommendation. We expect MND can sustain current strong operating momentum across the Group in the short-term given its contracted position and further work package awards likely to land in 2H FY26. MND's increasing liquidity gives the company optionality to lean aggressively on M&A or return excess capital to shareholders."

The post 5 things to watch on the ASX 200 on Wednesday appeared first on The Motley Fool Australia.

By the time trading wrapped up today, the ASX 200 had given up a morning lead to close down 0.041%. That small drop leaves the index at 9,022.3 points.

This miserly session for the ASX follows an even nastier start to the American trading week on Wall Street in the early hours of this morning.

The Dow Jones Industrial Average Index (DJX: .DJI) was crushed, dropping 1.66%.

The tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) fared slightly better, but still lost 1.13% of its value.

But let's return to the local markets and take stock of how the different ASX sectors fared amid today's tough trading conditions.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

Four ASX shares that are not letting that hold them back are listed below. Here's why they are rising:

Cedar Woods Properties Ltd (ASX: CWP)

The Cedar Woods share price is up 5% to $8.36. Investors have been buying the property company's shares following the release of a strong half-year result. Cedar Woods reported record net profit after tax of $39.6 million. This was up 163% on the previous corresponding period. In addition, management upgraded its FY 2026 guidance. It now expects net profit after tax growth of 30% to 35%. This is up from its previous guidance for a minimum of 20%. Cedar Woods' managing director, Nathan Blackburne, said: "This exceptional first half result helps set the Company up for a record full year profit result. We are upgrading guidance to 30% to 35% NPAT growth, a result that will deliver very strong shareholder return metrics. The upgrade has been made possible by strong sales conditions which has enabled additional price growth, further settlements and significantly lower marketing spend."

Clearview Wealth Ltd (ASX: CVW)

The Clearview Wealth share price is up 17% to 62.5 cents. This has been driven by takeover news. ClearView advised that it has entered into a scheme implementation deed with Zurich Financial Services Australia. Under the terms of the scheme, ClearView shareholders will receive cash consideration of 65 cents per share.

Emerald Resources NL (ASX: EMR)

The Emerald Resources share price is up 3% to $6.84. This has been driven by the gold miner's half-year results release. Emerald Resources reported a 7% increase in revenue to $257 million and a 23% lift in profit to $73.1 million. The company said: "Emerald's operating performance is underpinned by the consistent production achieved by the 100% owned Okvau Gold Mine, which has allowed the Company to invest in its growth strategy within its development and exploration portfolio, whilst strengthening its cash and bullion position."

Monadelphous Group Ltd (ASX: MND)

The Monadelphous share price is up 8% to $33.09. Investors have been buying this diversified services company's shares after it released its half-year results. Monadelphous reported a 52.6% increase in net profit after tax to $64.9 million. The company's managing director, Zoran Bebic, said: "Long-term demand in the resources and energy sectors is expected to continue, supported by an improved global economic growth outlook. Continued investment in new and existing operations in Western Australia's iron ore sector is driving demand for both maintenance and construction services, with the energy sector to offer substantial prospects."

The post Why Cedar Woods, Clearview, Emerald Resources, and Monadelphous shares are racing higher appeared first on The Motley Fool Australia.

The company, which provides mining and engineering services, posted record revenue of $1.53 billion for the first half of the year, up 45.6% on the previous corresponding period, while EBITDA was up $116.2 million, also 45.6% higher.

Expectations surpassed

RBC Capital Markets, which has an outperform rating on Monadelphous, said the earnings result was a 15% beat to consensus estimates, and the result quality was "strong".

Monadelphous said in its statement to the ASX on Tuesday that the business performed strongly across the board.

As it said:

The company experienced strong operating conditions across all sectors, with activity levels supported by the record level of work secured during the previous financial year. The Engineering Construction division delivered revenue of $677.8 million1 for the six months, an increase of around 67 per cent on the prior corresponding period, supported by service expansion and growing capability in end-to-end delivery. Zenviron, the Company's renewable energy business, also experienced increased activity from larger wind and battery energy storage projects. The Maintenance and Industrial Services division reported half year revenue of $852 million, up 32.1 per cent, driven by an increase in energy sector activity, together with sustained strong demand from iron ore customers.

The company said it finished the half-year with a cash balance of $322 million after strong cash flow from operations of $171.1 million for the half.

The company said its order book also remained strong with $1.4 billion in new work secured since the start of the financial year.

Management confident

Monadelphous Managing Director Zoran Bebic said the expectation was that full-year revenue would be about 30% up on the previous year.

He added:

Long-term demand in the resources and energy sectors is expected to continue, supported by an improved global economic growth outlook. Continued investment in new and existing operations in Western Australia's iron ore sector is driving demand for both maintenance and construction services, with the energy sector to offer substantial prospects. The outlook for energy transition metals is strengthening, and Australia's Net Zero emissions objective continues to drive long-term investment in energy generation, storage and transmission infrastructure. Leveraging its broad services capability, Monadelphous is well positioned to capitalise on the growing pipeline of opportunities.

RBC said the revenue guidance was up from previous expectations of 20% to 25% growth.

Monadelphous declared an interim dividend of 49 cents per share, fully franked, compared with 33 cents for the same period last year.

Monadelphous shares were trading 15.7% higher in early trade at a record high of $35.43.

The post Monadelphous shares surge to a new record as profits trounce expectations appeared first on The Motley Fool Australia.

What did Monadelphous report?

• Revenue: $1.53 billion, up 45.6% on the prior period
• EBITDA: $116.2 million, up 45.6%
• Net profit after tax (NPAT): $64.9 million, up 52.6%
• Earnings per share: 65.2 cents
• Interim dividend: 49 cents per share, fully franked
• Cash balance: $322 million at period end
• Secured $1.4 billion in new contracts and extensions since 1 July 2025

What else do investors need to know?

Monadelphous saw strong activity across both its Engineering Construction and Maintenance and Industrial Services divisions. Construction revenue rose 67%, supported by service expansion and larger projects in renewables through Zenviron. Maintenance services revenue grew 32.1%, driven by higher energy sector activity and continued strong iron ore demand.

The company made three strategic acquisitions during the half: Kerman Contracting, Australian Power Industry Partners, and High Energy Service, further expanding its service offering in non-process infrastructure and high-voltage solutions. A robust cash flow from operations of $171.1 million delivered a cash flow conversion rate of 186%.

What did Monadelphous management say?

Managing Director Zoran Bebic said:

Long-term demand in the resources and energy sectors is expected to continue, supported by an improved global economic growth outlook. Continued investment in new and existing operations in Western Australia's iron ore sector is driving demand for both maintenance and construction services, with the energy sector to offer substantial prospects. The outlook for energy transition metals is strengthening, and Australia's Net Zero emissions objective continues to drive long-term investment in energy generation, storage and transmission infrastructure. Leveraging its broad services capability, Monadelphous is well positioned to capitalise on the growing pipeline of opportunities.

What's next for Monadelphous?

Monadelphous is forecasting full-year FY26 revenue to be about 30% higher than last year, with operating margins consistent with this half. Its $1.4 billion contract book and recent acquisitions put the company in a strong position for continued growth, especially in energy transition, infrastructure, and renewables.

The company remains focused on delivering quality earnings, maintaining disciplined risk management, and building on its collaborative customer relationships to support long-term sustainability and shareholder value. Monadelphous aims to support the decarbonisation of the resources and energy sectors, leveraging its growing capabilities and new strategic footholds.

Monadelphous share price snapshot

Over the past 12 months, the Monadelphous Group shares have risen 90%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 9% over the same period.

View Original Announcement

The post Monadelphous Group posts record half-year result as new contracts boom appeared first on The Motley Fool Australia.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

ASX mining shares dominate the list of companies hitting these new price milestones today.

Arguably, the most significant price peak today is for BHP Group Ltd (ASX: BHP) shares.

BHP reclaimed its place as the All Ords' largest share by market capitalisation from Commonwealth Bank of Australia (ASX: CBA) today.

CBA took the title from BHP in July 2024 during an unprecedented run that took it to a record $192 per share in June 2025.

The CBA share price is $150.35 on Tuesday, up 0.85%, while BHP shares are $49.66, up 2.54%, at the time of writing.

The BHP share price hit a two-year high of $50.08 this morning.

But today isn't all about BHP shares.

Plenty of other ASX All Ords shares have smashed new multi-year highs as well.

Here's a sample.

ASX All Ords shares reaching new price highs

As stated earlier, mining shares dominate the list of company highs today, so let's focus on them first.

Besides BHP, two other large-cap ASX diversified miners hit new 52-week share price highs.

The Mineral Resources Ltd (ASX: MIN) share price rose 2.8% to a 52-week high of $64.05.

South32 Ltd (ASX: S32) shares hit a 52-week high of $4.54 per share, up 3.4%.

Among the ASX All Ords gold shares, Newmont Corporation CDI (ASX: NEM) lifted 1.9% to a record high of $181.91.

The Resolute Mining Ltd (ASX: RSG) share price soared 10.3% to a 52-week peak of $1.50.

Ramelius Resources Ltd (ASX: RMS) shares surged 3.5% to a record $5.09.

Regis Resources Ltd (ASX: RRL) shares increased 2.8% to a multi-year high of $8.58.

Copper and gold miner Firefly Metals Ltd (ASX: FFM) lifted 5.8% to a 52-week high of $2.20 per share.

Among ASX silver shares, Silver Mines Ltd (ASX: SVL) rose 12.5% to a 52-week high of 27 cents.

Canaccord Genuity sees more growth ahead for Sun Silver Ltd (ASX: SS1) shares, which rose 6.5% to a record $2.47 apiece today.

ASX All Ords lithium shares also hit new price peaks.

Shares in lithium and nickel producer IGO Ltd (ASX: IGO) increased 2% to a two-year high of $9.50.

The Winsome Resources Ltd (ASX: WR1) share price lifted 11.7% to an 18-month high of 67 cents.

Hot Chili Ltd (ASX: HCH) shares soared 9.2% to a 52-week high of $1.89.

Among ASX All Ords copper shares, Capstone Copper Corp CDI (ASX: CSC) soared 8.8% to a record $16.27 per share.

The Develop Global Ltd (ASX: DVP) share price rose 5.8% to a four-year high of $5.67.

What about ASX All Ords shares from other sectors?

ASX All Ords retail stock Nick Scali Limited (ASX: NCK) ascended 1.9% to a record $26.08 per share.

Engineering services company Monadelphous Group Ltd (ASX: MND) lifted 3.6% to a record $30.98.

Testing and inspection services provider ALS Ltd (ASX: ALQ) rose 1.4% to a record $24.41.

The post ASX All Ords shares smashing 52-week highs today appeared first on The Motley Fool Australia.

Three broker buy ratings that you might want to know more about are summarised below. Here's why brokers think these ASX shares are in the buy zone right now:

Catalyst Metals Ltd (ASX: CYL)

According to a note out of Bell Potter, its analysts have upgraded this gold miner's shares to a buy rating with an improved price target of $13.50. This follows the release of a strong quarterly update which came in ahead of the broker's expectations. Looking ahead, the broker feels that the company's Plutonic operation will become a long-term production hub that underpins a significant increase in output. In fact, Bell Potter believes Catalyst Metals will increase its production to 200,000 ounces a year by FY 2029. This compares to its current guidance for FY 2026 of 100,000 ounces to 110,000 ounces of gold. Combined with its updated gold price forecast, the broker believes this gold miner's shares offer significant value at present. The Catalyst Metals share price is trading at $8.82 on Friday afternoon.

Monadelphous Group Ltd (ASX: MND)

Another note out of Bell Potter reveals that its analysts have upgraded this diversified services company's shares to a buy rating with an improved price target of $33.00. Bell Potter has been pleased with the company's strong start to FY 2026. It notes that Monadelphous has won significantly more contracts than it was expecting. Financial year to date, Bell Potter estimates that the company's contract award value is ~$1,400 million. This compares to $1,550 million in the whole of FY 2025. The good news is that the company's current orderbook builds a strong foundation for earnings growth in the near-term that it feels is not reflected in consensus expectations. The Monadelphous share price is fetching $30.00 at the time of writing.

Zip Co Ltd (ASX: ZIP)

Analysts at Citi have retained their buy rating on this buy now pay later provider's shares with a trimmed price target of $4.30. According to the note, the broker believes that data out of the United States points to a strong performance from Zip Co during the last quarter. Citi highlights that app downloads hit record highs during December, which bodes well for its transaction growth in the massive market. In fact, the broker is predicting total transaction value (TTV) growth of 43% in the second quarter. Though, it wouldn't be surprised if Zip Co outperformed this. The Zip share price is trading at $3.09 this afternoon.

The post Brokers name 3 ASX shares to buy today appeared first on The Motley Fool Australia.

During this time, the ASX 200 stock has risen over 100% to currently trade at $29.72.

Despite this incredible rise, this diversified services company has just received an upgrade from analysts at Bell Potter.

Let's see what the broker is saying about this high-flying stock.

What is the broker saying?

Bell Potter has been impressed with the company's performance in FY 2026. It highlights that Monadelphous has won significantly more contracts than it was expecting.

Commenting on recent developments, the broker said:

Since we last published in November 2025, MND has maintained its robust contract award momentum, securing work packages (EC and M&I) valued at ~$835m, taking FY26TD contract award value to ~$1,400m (compared with ~$1,550m in the pcp). Notable contract awards include: the ~$250m multidisciplinary construction work package for Rio Tinto's Brockman Syncline 1 iron ore development (awarded 22 December 2025); and the $300m 5-year maintenance services contract with Rio Tinto for its iron ore operations in the Pilbara region, WA (awarded 14 January 2026).

Given EC and M&I contract terms are generally greater than one year, we anticipate progressively larger annual contract awards over FY24 to FY26TD to imply a positive revenue growth trajectory over FY26-28. For context, MND was awarded contracts valued at ~$1,650m in FY23, $2,090m in FY24, $2,280m in FY25 and $1,405m in FY26TD (~$2,600m annualised).

ASX 200 stock upgraded

According to the note, in response to these contract wins, Bell Potter has lifted its earnings estimates through to FY 2028.

This has seen the broker upgrade its shares to a buy rating with an improved price target of $33.00 (from $24.00).

Based on its current share price of $29.72, this implies potential upside of 11% for investors over the next 12 months.

In addition, Bell Potter is expecting a dividend yield of approximately 3% in FY 2026 from the ASX 200 stock, which boosts the total potential return to 14%.

Commenting on its buy recommendation, the broker said:

MND's contract award streak has exceeded our expectation, reflecting a stronger development pipeline in the Mining and Energy sectors than we had anticipated. We believe MND has won more than its fair share of work, reinforcing the company's position as a market leader with robust blue chip customer relationships. Importantly, MND's current orderbook builds a strong foundation for earnings growth in the near-term that is not reflected in consensus expectations.

The post Why Bell Potter just upgraded this smashing ASX 200 stock appeared first on The Motley Fool Australia.

Will the market be able to build on this on Friday and end the week on a high? Here are five things to watch:

ASX 200 expected to ease

The Australian share market looks set to ease on Friday despite a good session in the United States. According to the latest SPI futures, the ASX 200 is expected to open 5 points lower this morning. In late trade on Wall Street, the Dow Jones is up 0.75%, the S&P 500 is up 0.45% and the Nasdaq is up 0.5%.

Oil prices sink

It could be a tough finish to the week for ASX 200 energy shares Santos Ltd (ASX: STO) and Woodside Energy Group Ltd (ASX: WDS) after oil prices sank overnight. According to Bloomberg, the WTI crude oil price is down 4.6% to US$59.18 a barrel and the Brent crude oil price is down 4.15% to US$63.75 a barrel. This was driven by easing US-Iran tensions.

Buy Boss Energy shares

Boss Energy Ltd (ASX: BOE) shares could be cheap according to analysts at Bell Potter. It has put a buy rating and $1.95 price target on the uranium producer's shares. The broker said: "We believe the stock is bubbling along the bottom of its trading range at the moment, creating an asymmetric risk profile should the review pan out positively. Alternatively, BOE may become a takeover target at current levels, with global uranium producer Orano seeking to diversify exposure from Niger and having experience in operating ISR projects in Kazakhstan."

Gold price softens

ASX 200 gold shares Evolution Mining Ltd (ASX: EVN) and Newmont Corporation (ASX: NEM) could have a relatively subdued finish to the week after the gold price edged lower overnight. According to CNBC, the gold futures price is down 0.3% to US$4,622 an ounce. The precious metal eased after the US dollar strengthened and Donald Trump softened his tone on Iran.

Buy Monadelphous shares

Monadelphous Group Ltd (ASX: MND) shares have been on fire over the past 12 months but Bell Potter doesn't think it is too late to invest. It has upgraded the diversified services company's shares to a buy rating with an improved price target of $33.00. It said: "MND's contract award streak has exceeded our expectation, reflecting a stronger development pipeline in the Mining and Energy sectors than we had anticipated. […] Importantly, MND's current orderbook builds a strong foundation for earnings growth in the near-term that is not reflected in consensus expectations."

The post 5 things to watch on the ASX 200 on Friday appeared first on The Motley Fool Australia.

Four ASX shares that are not letting that hold them back are listed below. Here's why they are rising today:

EBR Systems Inc (ASX: EBR)

The EBR Systems share price is up 5% to $1.10. Investors have been buying this medical device company's shares following the release of a bullish broker note out of Morgans. According to the note, the broker has retained its buy rating on EBR Systems' shares with an improved price target of $2.95. It said: "We view clinical momentum with the WiSE-UP post-approval study and the TLC-AU feasibility study as supporting longer-term adoption and label expansion. Updated TAM of US$5.8bn (+60%) highlights a materially larger opportunity, underpinned by growth in leadless pacing and de novo CRT applications."

Endeavour Group Ltd (ASX: EDV)

The Endeavour Group share price is up 2.5% to $3.79. This may have been driven by the release of a broker note out of Citi. According to the note, the broker has upgraded the drinks giant's shares to a buy rating with an improved price target of $4.10. It was pleased with improving sales trends reported by the Dan Murphy's and BWS owner, but acknowledges that its earnings have fallen short of expectations due to margin weakness.

Monadelphous Group Ltd (ASX: MND)

The Monadelphous share price is up 2.5% to $29.34. Investors have been buying this diversified services company's shares after it announced another new contract win. Monadelphous has been awarded a major long-term maintenance contract with Rio Tinto Ltd (ASX: RIO) worth approximately $300 million over five years. Monadelphous' managing director, Zoran Bebic, said: "We are delighted to continue supporting Rio Tinto's Pilbara iron ore operations, where Monadelphous has provided services for more than 30 years."

Neuren Pharmaceuticals Ltd (ASX: NEU)

The Neuren Pharmaceuticals share price is up 7% to $20.71. This follows the release of a sales update from the pharmaceuticals company this morning. Neuren revealed that its US partner now believes global sales could reach about US$700 million by 2028. This will be a big increase on its 2025 guidance of US$400 million. Supporting this is the continued momentum it is experiencing, with more than 2,000 Rett patients treated by Daybue since US launch. There are an estimated 6,000 sufferers in the US.

The post Why EBR Systems, Endeavour, Monadelphous, and Neuren shares are racing higher today appeared first on The Motley Fool Australia.

The company said in a statement to the ASX that it had been awarded a "major long-term maintenance contract with Rio Tinto Ltd (ASX: RIO) valued at approximately $300 million in aggregate over five years''.

The company went on to say:

Under the contract, the company will continue to provide fixed plant and shutdown services, delivering generalist mechanical and access services across Rio Tinto's iron ore operations in the Pilbara region of Western Australia.

Monadelphous Managing Director Zoran Bebic said the contract award reflected the company's strong reputation for delivering safe and reliable maintenance services.

He added:

We are delighted to continue supporting Rio Tinto's Pilbara iron ore operations, where Monadelphous has provided services for more than 30 years.

Latest in a series of wins

The new contract win follows a $110 million suite of contracts announced just last week, a $175 million contract win with BHP Group Ltd (ASX: BHP) also announced last week, and a $250 million contract win with Rio Tinto in December.

That contract with Rio was a major construction contract at the company's Brockman iron ore project, also in the Pilbara.

Monadelphous said at the time:

The multidisciplinary contract, valued at approximately $250 million, includes fabrication and supply, detailed earthworks and concrete, structural, mechanical, piping and electrical and instrumentation works associated with the construction of a new primary crusher and overland conveyor, as well as modifications to existing plant. Work under the contract will commence immediately and is expected to be completed in 2027.

Set up for a strong year

At the company's AGM in late November, chair Rob Velletri said the company had in 2025, secured about $2.3 billion in new contracts and contract extensions, which was a record, plus had added another $570 million since the end of the financial year.

Mr Bebic said at the time the company was forecasting revenue for the half-year ending December 30 of about $1.5 billion, with full-year revenue expected to be about 20% to 25% higher than the previous year.

Monadelphous shares traded as high as $29.51 on Wednesday morning, up 3.3% and a new record.

Monadelphous Group was worth $2.85 billion at the close of trade on Tuesday. The company has more than doubled in value over the past year.

The post A fourth contract win in under a month has this ASX 200 company's shares at a new record high appeared first on The Motley Fool Australia.

What did Monadelphous Group report?

• Won a major long-term maintenance contract with Rio Tinto, valued at around $300 million over five years
• The contract covers fixed plant and shutdown services for multiple iron ore sites in the Pilbara
• Monadelphous will deliver mechanical and access services for Rio Tinto's Pilbara operations
• Strengthens Monadelphous' position as a leading maintenance service provider to the resources sector

What else do investors need to know?

This significant contract win means Monadelphous will continue its long-standing relationship with Rio Tinto, building on over 30 years of service to its Pilbara iron ore sites. The company highlighted the safety and reliability of its workforce as key factors in securing the new work.

With this contract, Monadelphous boosts its already strong pipeline of resources sector projects. The company operates widely across Australia and the Asia-Pacific, with business spanning mining, energy, and infrastructure industries.

What's next for Monadelphous Group?

Management expects this new contract to support stable, long-term revenues in the years ahead and deepen its partnership with Rio Tinto. The company remains focused on safe project delivery and exploring further opportunities in the resources and energy sectors.

Looking forward, Monadelphous will continue to leverage its specialist skills and reputation for reliability to seek out new work. Its ongoing investment in workforce capability is expected to underpin future growth.

Monadelphous Group share price snapshot

Over the past 12 months, Monadelphous Group shares have risen 97%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 7% over the same period.

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The post Monadelphous secures $300m Rio Tinto contract appeared first on The Motley Fool Australia.

Are they buys, holds, or sells? Let's see what the broker is saying about the three listed below.

ANZ Group Holdings Ltd (ASX: ANZ)

Morgans wasn't overly impressed with this big four bank's performance during the second half of FY 2025. It highlights that credit impairment charges were up and profits were down.

In light of this, the broker has a trim rating (between sell and hold) and a $33.09 price target on ANZ shares. It said:

Ex $1.1bn of significant items, 2H25 profit declined 7% vs 1H25, with a -3% decline in pre-provision profit (revenue +2%, costs +6%) and a doubling of credit impairment charges. Earnings were materially below market expectations, albeit consensus may not have fully adjusted for the significant items.

We have downgraded our FY26-28F cash earnings by 1-2%. However, 12 month target price lifts 29 cps to $33.09/sh due to CET1 capital outperformance in 2H25. We recommend clients TRIM into share price strength, with the share price and implied valuation multiples trading at or around all-time highs.

Monadelphous Group Ltd (ASX: MND)

This engineering company has caught the eye of Morgans. It was pleased with its recent update and believes there is more to come in the near future thanks partly to a multi-year Pilbara replacement cycle.

In response to its update, the broker retained its buy rating with an improved price target of $29.00. It commented:

Today's update was exceptionally strong, and our view is that the good times are poised to continue. Though 1H revenue is expected to grow +40% YoY, management has tempered expectations for the full year by providing early guidance (FY26 revenue +20-25%). This leaves capacity for further beats if demand surprises. Our view is that demand in E&C will accelerate due to Rio's multi-year Pilbara replacement cycle (which gathers pace in CY26 and CY27), and a resurgence in rare earths projects (MND was heavily involved in ARU's US$1.2bn Nolans project previously).

Additionally, volume strength in Maintenance should continue as project scheduling indicates further oil & gas turnarounds into FY27, although FY26 contains a few one-offs so we fade growth expectations into FY27. Target price moves to $29.00 (from $24.40). BUY maintained.

Northern Star Resources Ltd (ASX: NST)

Finally, this ASX 200 gold miner disappointed the market (and Morgans) recently with a soft quarterly update and guidance downgrade.

Unfortunately, Morgans isn't convinced that the worst is over yet and is cautious on its short to mid-term production outlook. As a result, it has put a hold rating and $26.00 price target on its shares.

Commenting on the gold miner, the broker said:

NST has revised FY26 guidance lower after another soft sales quarter, cutting the midpoint ~8% to 1,650koz (from 1,775koz). The downgrade reflects ongoing operational challenges across all hubs, including grade, throughput and utilisation constraints. This marks the second guidance miss in as many years. While we remain constructive on NST's long-term growth pathway, we are adopting a more cautious (previously bullish) short-to-midterm production outlook, maintained until delivery consistency improves.

We now forecast FY26 sales of 1,589koz (-9%), marginally below updated guidance (1,600–1,700koz). We lift our AISC to A$2,770/oz, reducing forecast EBITDA and EPS by 16% and 22% respectively. Rating revised to HOLD, price target A$26.00ps (previously A$27.41ps). The downgrade partly offset by our higher spot scenario of US$3,500/oz (from US$3,250/oz).

The post Buy, hold, sell: ANZ Bank, Monadelphous, and Northern Star shares appeared first on The Motley Fool Australia.

The wins follow a $175 million contract win with BHP Group Ltd (ASX: BHP) announced earlier in the week, which in turn followed a $250 million contract win with Rio Tinto Ltd (ASX: RIO) in December.

Diversified contracts won

The company said on Thursday that the new contracts were "in the resources and energy, and renewable energy sectors''.

Monadelphous said in its statement to the ASX:

The company has secured a four-year contract with BW Offshore Australia Management to provide multidisciplinary maintenance services at the BW Opal Floating Production Storage and Offloading (FPSO) facility located approximately 300 kilometres north-northwest of Darwin, Northern Territory. Work is expected to commence on the facility in the first quarter of 2026.

The company was also awarded a contract with Rio Tinto for modification works at the Hope Downs 2 iron ore project in the Pilbara region of Western Australia, with that work expected to be completed in the second half of 2026.

The company went on to say:

In Papua New Guinea, the company has secured a contract with Santos for the demolition and disposal of the Hegigio Pipeline Bridge, a 500-metre-long suspended wire bridge, located in the Southern Highlands region. Work is expected to be completed in the second half of 2026. Finally, Zenviron, the company's renewable energy joint venture, has secured a contract with Flow Power for the delivery of the 100/223 MWh Bennetts Creek Battery Energy Storage System in the Latrobe Valley, Victoria. The work, which includes balance-of-plant design, construction, installation and commissioning, is expected to be completed in late 2027.

Strong momentum

At the company's AGM in late November, chair Rob Velletri said the company had in 2025, secured about $2.3 billion in new contracts and contract extensions, which was a record, plus had added another $570 million since the end of the financial year.

Mr Bebic said at the time the company was forecasting revenue for the half-year ending December 30 of about $1.5 billion, with full-year revenue expected to be about 20% to 25% higher than the previous year.

Shares in Monadelphous Group have more than doubled over the past year, and were changing hands for $28.87 on Thursday morning, up 7.6%. The shares traded as high as $28.89, which was a new record, before settling back.

The shares have increased from lows of $13.36 over the past year. The company was valued at $2.68 billion at the close of trade on Monday.

The post This ASX 200 company's shares have hit a new record high on more contract success appeared first on The Motley Fool Australia.

What did Monadelphous report?

• New contracts in resources, energy, and renewable sectors valued at ~$110 million
• Four-year multidisciplinary maintenance contract with BW Offshore Australia Management at BW Opal FPSO near Darwin
• Contract with Rio Tinto for process plant modifications at Hope Downs 2 project, Pilbara, WA
• Contract with Santos for demolition and disposal of Hegigio Pipeline Bridge, Southern Highlands, PNG
• Zenviron JV awarded Bennetts Creek Battery Energy Storage System project with Flow Power in Victoria

What else do investors need to know?

Monadelphous continues to build on its strong order book, with these new contracts adding to its presence across Australia and the Asia Pacific. The BW Offshore contract provides the company with steady, recurring maintenance revenue over four years.

The inclusion of Zenviron's renewable battery contract highlights the group's ongoing efforts to diversify into clean energy infrastructure. The company's projects span from oil and gas facilities to emerging battery storage systems, reflecting an expanding customer and sector base.

What's next for Monadelphous?

Investors can expect Monadelphous to continue pursuing both traditional and renewable projects. The recently awarded contracts are anticipated to contribute to revenue from the first quarter of 2026 through to late 2027. Management's focus remains on sustaining growth by leveraging its expertise in construction and maintenance services while further developing its renewable energy capabilities.

Monadelphous share price snapshot

Over the past 12 months, Monadelphous Group shares have risen 85%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 4% over the same period.

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The post Monadelphous lands $110m in new contracts across sectors appeared first on The Motley Fool Australia.